“I meant no harm, I most truly did not, but I had to grow bigger, so bigger I got. I biggered my factory, I biggered my roads, I biggered the wagons, I biggered the loads, of the Thneeds I shipped out. I was shipping them forth from the South, to the East, to the West, to the North. I went right on biggering selling more thneeds. And I biggered my money, which everyone needs.”
The salaries of CEOs broke records last year, and so did corporate profits. While the average American worker took home less pay in 2011, a typical CEO made $9.6 million. Corporate profits were high, because companies found ways to keep their payrolls down - they hired lower paid contract workers, outsourced abroad, and used computers to do more of the work. CEOs convinced their workers to take pay cuts "for the good of the company in these uncertain economic times."
Corporate greed is at such an all-time high that corporations continue to use their money and power to gain more money and power. The American Legislative Exchange Council (ALEC) is a powerful corporate-backed group that writes and lobbies business-friendly legislation at the state level. Citizens United gives corporations unlimited power to promote business-friendly political issues and candidates.
By “biggering” their profits, while cutting back on the paychecks of their workers, corporations have cut back on the buying power of American consumers. Corporate greed is the main reason that the American economy is recovering so slowly, not “a White House that refuses to implement ideas that give confidence to job creators,” as John Kasich wants Ohioans to believe. Let's remember this as we consider which issues and candidates to support.